2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Industrial Salts Market?

The expansion of water treatment initiatives is predicted to stimulate growth in the industrial salt market. Water treatment, the cleansing of water for use or returning it to its original state, employs industrial salts to eliminate impurities and unwanted elements as well as minimize waste concentration in water used for domestic and industrial purposes, or release it back to the surroundings. Government programs aimed at enhancing water quality are also contributing to the increasing number of water treatment projects. For example, a 2023 report by the Global Water Awards noted a remarkable uptick in biogas usage at wastewater processing plants, with over 200 MW of extra power produced during the year. This increase translates to internal production of over 10% of total energy consumption at these facilities. Additionally, in 2023, the first significant effect of the ADSWS’s Project Scan toilet network tracking program was observed, leading to enhanced efficiency and management in the wastewater industry. Therefore, the rise in water treatment projects is anticipated to spur the expansion of the industrial salts market.

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#What Long-Term Growth Rate is Expected for theIndustrial Salts Market Between 2025 and 2034?

The market size for industrial salts has seen consistent growth over the recent years. The value is expected to rise from $15.43 billion in 2024 to $16.14 billion in 2025, presenting a compound annual growth rate (CAGR) of 4.6%. The historical growth has largely been influenced by factors such as the expansion of the chemical industry, applications in water treatment, control of snow and ice, food processing, and metal processing.

In the upcoming years, the industrial salts market is predicted to witness a robust expansion. Its growth is projected to reach $20.25 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth in the projected period include initiatives towards renewable energy, environmental regulatory norms, urbanization and construction activities, health and wellness progression, and economic development in emerging markets. Predominant trends for this period entail technological progression in ABE production, growth of the chemical industry, heightened focus on water treatment, improvements in salt production methodologies and increased investment in research and development.

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What New Market Trends Are Reshaping theIndustrial Salts Market and Its Opportunities?

The trend of strategic alliances is highly prevalent in the industrial salt industry. The leading entities in this market are creating partnerships to maximize the utilization of each other’s assets and to make headway into new markets. For example, in May 2022, a collaboration was formed between Nippon Shokubai, a chemical manufacturing company from Japan, and Arkema, a US-based specialty materials manufacturer. This joint venture intends to construct a factory for producing ultrapure electrolyte salts, also known as LiFSI (Lithium bis(fluorosulfonyl)imide), which play a vital role in the battery cells used for electric mobility.

Who Are the Leading Market Players Fueling Growth in the Industrial Salts Market Trend?

Major companies operating in the industrial salts market are Cargill Incorporated, Mitsui & Co. Ltd., Nouryon Chemicals Holding B.V, Rio Tinto Group, Compass Minerals International Inc., INEOS Group AG, K+S AG, Wacker Chemie AG, Akzo Nobel N.V., Occidental Petroleum Corporation, Solvay S.A., Dominion Salt Ltd., ICL Group Ltd., Salt Union Ltd., Swiss Saltworks AG, Atisale SpA, Salins Group, Kopalnia Soli Wieliczka SA, Dampier Salt Ltd., Morton Salt Inc., Qinghai Salt Lake Industry Co. Ltd., Henan Huayang Salt Chemical Co. Ltd., Shandong Haihua Group Co. Ltd., Ciech S.A., Tata Chemicals North America Inc., China National Salt Industry Corporation, Tata Chemicals Limited, Salinas Salt Company, San Francisco Salt Company, SaltWorks Inc.

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How is the Global Industrial Salts Market Segemented?

The industrial salts market covered in this report is segmented –

1) By Source: Rock Salt, Natural Brine

2) By Manufacturing Process: Conventional Mining, Solar Evaporation, Vacuum Evaporation

3) By Application: Agriculture, Chemical Processing, Food Processing, Water Treatment, De-icing, Oil And Gas

Subsegments:

1) By Rock Salt: Halite, Evaporated Rock Salt, Industrial Grade Rock Salt

2) By Natural Brine: Sea Salt Brine, Spring Water Brine, Salt Lake Brine

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